BetMGM reports Q3 revenue $667M

Reports Q3 EBITDA $41M. Reports Q3 iGaming revenue up 21% and online sports revenue up 36%. BetMGM, jointly owned by Entain (GMVHF) and MGM Resorts (MGM), provided an update on its Q3 performance. Adam Greenblatt, CEO of BetMGM, commented: “BetMGM’s momentum from H1 continued into Q3, underpinned by the ongoing execution of our strategic plan. The execution in operations we have described this year – improved marketing efficiency, player management, brand positioning, and product and platform improvements – all contributed to our strong revenue growth and material cash flow increase from both sides of the business.”